Search Results for "Germany " : 58

…lete shift to the extremes, and an experiment to reform a war-torn continent in tatters. It is safe to say that Germany, the sole economic powerhouse in Europe at the moment, has been instrumental in holding the euro together. For example, last month, the German court ratified the European Stability Mechanism, the permanent bailout mechanism. This newly created fund will increase Germany’s deficit from €26 billion to €29 billion and Germany’s c…

…thing. However, every country in the southern periphery has been ordered to reduce labor unit costs relative to Germany, but it would be absurd to think Germany would not attempt to do the same. Trying to increase competitiveness at the same time is a zero-sum game. A fixation on solely increasing competitiveness will not guarantee a return to prosperity because the basic problem holding back prospects of recovery is a huge lack of aggregate d…

…blem with this argument is that it has been disproved by European social democracies such as France, Sweden, and Germany, which have all largely cooperated with laborers’ demands. Laborers in these countries have enjoyed steady increases in wages, particularly in Germany, where, adjusted for inflation, German workers’ pay has risen almost 30 percent since 1985. Compare this with the 6 percent increase in the average real hourly pay that American…

…ho found herself the target of international condemnation just weeks later for her ringing declaration that “[in Germany] multiculturalism has failed.” Germany’s leaders are not soloists in this chorus of jingoist rhetoric: the leaders of France, the United Kingdom, Italy, Sweden and the Netherlands have all expressed similar nativist sentiments. This represents a marked departure from the idyllic progressive toleration often touted by the Old Wo…

…tering recession, only to start the cycle all over again. Dramatic action by the European Central Bank (ECB) and Germany is necessary if disaster is to be avoided. The ECB needs not only to severely loosen monetary policy, but also abandon its conservative demeanor and accept its role as one of the only institutions capable of taking dramatic action to save the euro. Germany likewise needs to buck up. Although it is the only country with the reso…

…sure of defense industrial size), although the latter was surprisingly a negative predictor of naval power. When Germany, a country with huge naval defense exports, is removed, it becomes a positive predictor of naval power, as would be expected. Germany, in addition to its large defense industry, has a well-institutionalized and regulated defense procurement process. These institutions, including strong civilian control, prevent nonrational forc…

…ed austerity measures are not likely to help this number at all. What is strange about the measures advocated by Germany and the European Union is that, in addition to decreasing pensions and healthcare spending, they are attempting to cut the size of the Greek public sector workforce. This is strange because it is not the approach that Germany took to successfully steer themselves away from the deep recession and high unemployment numbers that a…

…of perestroika. Former empires that experience collapse often try to reestablish their empires. That happened in Germany after the Reich collapsed in World War I; that is currently happening in Russia. Unsurprisingly, both Nazi Germany and Putin’s Russia invoked the right of nations to self-determination in their seizures of territory—Austria and the Sudetenland, the Crimea and eastern Ukraine. In fact, they were reviving empires. Both Nazi Germa…

…h everybody was spying on everybody,” he said, emphasizing the extreme sensitivity of the issue to Europeans. On Germany’s elections, however, Van Rompuy was quick to laud Merkel’s victory as “exceptional.” “She did it without spin doctors, without a huge communication strategy, without lying,” he said. But more importantly, all while navigating the economic crisis. De Grazia shaped Van Rompuy’s thoughts on Germany into a broader discussion on th…

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